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Lee
Ultra Nomad
Posts: 3568
Registered: 10-2-2006
Location: High in the Colorado Rockies
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Switched to CS last week when I started seeing these posts again.
Think BofA is being greedy. http://www.schwab.com/public/schwab/banking_lending/checking...
US Marines: providing enemies of America an opportunity to die for their country since 1775.
What I say before any important decision.
F*ck it.
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sequoyah
Junior Nomad
Posts: 98
Registered: 11-13-2013
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Thanks for the link. I just told BOA that if we can't resolve this in 48 hours, I am closing all of my accounts and moving them to CS.
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LaPazGringo
Nomad
Posts: 237
Registered: 2-28-2012
Location: La Paz
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I sure do hate to see the convenience of the BofA/Santander partnership come to an end. However, I'll be damned if I'm going to allow them to take 3%
of my money without even a simple notice. It will be a pleasure to close the account and take my business elsewhere if this is indeed their plan going
forward, which it appears to be.
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beachbum1A
Nomad
Posts: 442
Registered: 6-17-2006
Location: Punta Banda, BC
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| Quote: | Originally posted by Hook
I dont get it. Why did some account holders receive a notice of the 3% from B of A in their statement?
I think it's butt covering. WHY would Santander be charging a 3% fee? It's B of A that is doing the conversion.
[Edited on 11-16-2013 by Hook] |
It's not Santander Bank -it's B of A, plain and simple!
Just do it!
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beachbum1A
Nomad
Posts: 442
Registered: 6-17-2006
Location: Punta Banda, BC
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| Quote: | Originally posted by oxxo
| Quote: | Originally posted by Hook
Born Fisher gets the Read Closely Award for the day. It appears that is exactly what they are saying; they WILL charge a fee. |
Then why is BofA reversing the fees as recently as yesterday and they are saying there are no fees? |
They haven't given me credit and I sent them an email complaining to that affect.
Just do it!
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LaPazGringo
Nomad
Posts: 237
Registered: 2-28-2012
Location: La Paz
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Update: Just did an ATM transaction at Santander and was NOT charged a fee. It's been 90 minutes and nothing is showing on my account.
Will check again in the morning and will send an email demanding a refund of the original charge and also stating that I will never do business with
them again if they try this.
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LaPazGringo
Nomad
Posts: 237
Registered: 2-28-2012
Location: La Paz
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Further update: Still no charge appearing this morning for last night's ATM withdrawal at Santander. I have emailed BofA requesting the original
charge be refunded and informing them that if it ever happens again I will assume this is a new policy with them and will immediately close my account
and switch to Charles Schwab Bank.
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Sandlefoot
Nomad
Posts: 220
Registered: 10-31-2011
Location: La Paz
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Mood: Home
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Today is a holiday here and the banks are closed. May pay to wait for another day or so
Happy Trails
" Don't find fault, find a remedy; anyone can complain." Henry Ford
If you are not living on the edge...you are taking up to much space!
Just because it may not be a good idea does not mean it will not be fun!!!
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captkw
Ultra Nomad
Posts: 3850
Registered: 10-19-2010
Location: el charro b.c.s.
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Mood: new dog/missing the old 1
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""""CASH IS KING"""
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Yes, cash is King but, unless you have a printing press, you have to GET the cash from somewhere.
That's what this thread is all about, Cappy, how to CHEAPLY get cash in Mexico!!! 
NOB rules dont apply.
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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| Quote: | Originally posted by beachbum1A
| Quote: | Originally posted by Hook
I dont get it. Why did some account holders receive a notice of the 3% from B of A in their statement?
I think it's butt covering. WHY would Santander be charging a 3% fee? It's B of A that is doing the conversion.
[Edited on 11-16-2013 by Hook] |
It's not Santander Bank -it's B of A, plain and simple! |
Then, we are in agreement.
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LaPazGringo
Nomad
Posts: 237
Registered: 2-28-2012
Location: La Paz
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Totally incredible. 
| Quote: | Thank you for your inquiry dated 11/18/2013 regarding the International ATM withdrawal fee. We will be happy to assist you.
We see that the ATM withdrawal was made at Banco Santande in La Paz, Bolivia. You can avoid the ATM Operator Fees or Non-Bank of America International
ATM fees only if you use your debit or ATM cards using Banco Santander in Mexico.
As the withdrawal was no made in Mexico the fee is correctly charged. Therefore, we are unable to refund the fee for you. |
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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Wow, that's a fajor muckup. They may have a country coding problem in their software.
[Edited on 11-18-2013 by Hook]
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CaboMagic
Super Nomad
Posts: 1113
Registered: 4-30-2005
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BofA had - don't know if they still do - an online only account - no checks no mail statements etc. But there were restrictions on activities per
month for no fees. For example more than a certain number of deposits per month got a fee, or deposit/s made in a branch using a teller vs ATM there
was a fee.
First they troll to attract for your deposits and then try and set the hook. Spit the hook?
There will always be finger pointing - Its BofA says Santander - Its Santander say BofA.
its just part of the costs of having an enviable life and style.
Every best wish.
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Lee
Ultra Nomad
Posts: 3568
Registered: 10-2-2006
Location: High in the Colorado Rockies
Member Is Online
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| Quote: | Originally posted by CaboMagic
BofA had - don't know if they still do - an online only account - no checks no mail statements etc. But there were restrictions on activities per
month for no fees. For example more than a certain number of deposits per month got a fee, or deposit/s made in a branch using a teller vs ATM there
was a fee. |
That's what I have. Visit a Teller, $8.00. No human contact, no fees. Seriously, the writing is on the wall. Start talking to Schwab now
or someone else or else pay the fees and hassle with BofA.
CS has a individual checking account that I'm told can be done online.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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OK....let's play Jeopardy:
=====================
Answer is....."They won't."
Question is............"How will banks make money if they don't charge fees?"
http://www.youtube.com/watch?v=IxAKFlpdcfc&feature=youtu...
Beware the bank that says anything is free.
"YOU CAN'T LITTER ALUMINUM"
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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I have one of those online accounts from B of A w/o checks, etc. Minimum balance of 5k and there are no restrictions like you guys are talking about.
I guess a lot depends on if you are comfortable maintaining a balance of 5k. I've been fine with it for the convenience of the Santander Shuffle.
After all, even money market accounts arent paying squat, much less a checking/savings account.
I've got enough exposure to the stock market, so that money would just be sitting somewhere safe, earning next to nothing, anyway.
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LaPazGringo
Nomad
Posts: 237
Registered: 2-28-2012
Location: La Paz
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Okay, I got a response and this fee is indeed permanent and they're refusing to refund. The response in part:
| Quote: | | the 3% of the account conversion is a new fee independently of $5.00 waived. We regularly review the cost of our products and services to comply with
the benefits our customers receive which this time has been effective as of 11/08/2013. Information regarding this pricing change was notified within
the August monthly statements and can also be found online at https://www.bankofamerica.com/deposits/manage/faq-atm-fees.g... scrolling down to "Using your Debit Card or ATM Card in international countries"
and select "What are the fees for using your debit card at an ATM in a foreign country?" |
See ya!
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Lee
Ultra Nomad
Posts: 3568
Registered: 10-2-2006
Location: High in the Colorado Rockies
Member Is Online
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| Quote: | Originally posted by DENNIS
OK....let's play Jeopardy:
=====================
Answer is....."They won't."
Question is............"How will banks make money if they don't charge fees?"
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I'm a Jeopardy fanatic. The correct answer is: ''What is ''They won't.''''
Nothing is free. CS makes money having access to it's clients monies. They want their clients doing business with them only: banking,
checking/savings, investments. BofA has had no fees for years. It's greed primarily penalizing travelers with fees. Profit's the name of the
game. Research CS. No complaints.
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CaboMagic
Super Nomad
Posts: 1113
Registered: 4-30-2005
Member Is Offline
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Hook and others - the online only acct has a $25 minimum balance - at least it did when we opened it .. I suppose all depends on where the account was
opened and if they had promos and such ..
Banks make big money having "use" of yours .. that's why its immediate to TAKE from your account but can take upwards of 3 weeks (in extreme
situations) to credit for refunds/returns ..
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